Interim report January - March 2010 First quarter 2010 - Good growth and continued strong margins - Net sales increased 16 per cent (currency adjusted +30 per cent) to 750 MSEK (647). - Operating profit increased to 87 MSEK (-52), excl. items affecting comparability 87 MSEK (46). - Operating margin was 11.7 per cent (neg), excl. items affecting comparability 11.7 per cent (7.1). - Profit after tax amounted to 58 MSEK (-55), excl. items affecting comparability 58 MSEK (26). - Earnings per share increased to 2.18 SEK (-2.07), excl. items affecting comparability 2.18 SEK (0.98). - Operating cash flow totalled 62 MSEK (33). - Acquisition of the VTC TPE Group, renamed to ELASTO Group (consolidated from 1 April). President's comments “Our first-quarter result was very strong, with a significant increase in sales volumes. However, negative currency effects impacted the sales increase, compared with the year-earlier quarter. We more than doubled our earnings per share and operating profit amounted to 87 MSEK (46*), up 89 per cent. Our operating margin for the period was 11.7 per cent (7.1*). Sales continued to improve, particularly to automotive customers and we are once again handling this volume increase in a flexible manner. We have also further strengthened our position as a leading global supplier of polymer compounding through the acquisition of ELASTO Group. The acquisition is entirely in line with our strategy to expand and strengthen our compounding business. “ Georg Brunstam, President and CEO For more information please contact: Georg Brunstam President and CEO georg.brunstam@hexpol.com +46 (0)708-55 12 51 Urban Ottosson CFO/IR urban.ottosson@hexpol.com +46 (0)767-85 51 44 HEXPOL is a world-leading polymers group with strong global positions in advanced polymer compounds (Compounding), gaskets for plate heat exchangers (Gaskets) and wheels made of plastic and rubber materials for truck and castor wheel applications (Wheels). Customers are primarily OEM manufacturers of plate heat exchangers and trucks, global systems suppliers to the automotive industry as well as medical device industry. The Group is organised in two business areas, HEXPOL Compounding and HEXPOL Engineered Products, and has about 2,000 employees in nine countries. In 2009, HEXPOL had sales of about 2,600 MSEK. Read more at www.hexpol.com.
Interim report January - March 2010
| Source: HEXPOL AB